Issues with Old Electric Wiring | Knob and Tube

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I recently purchased an investment property that originally had old knob and tube wiring but now has a hybrid of an updated electrical panel, romex, and the rest of the wiring is the original knob and tube. I will show you an example of a switch failure that could have very easily led to a fire and what you need to be aware of if purchasing or investing in old homes with corresponding old electrical systems.
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